Page 45 - Crop Progress News Today

Iowa's soybean and corn crop condition ratings dropped below 70 percent last week, according to the latest Crop Progress and Condition Report from the U.S.

Check out livestock expert Jeff Swensons analysis of national and state livestock market reports.

Volatility is alive and well in the commodities. Technically the grains dropped to a very strong support level. If they break the support lines, we could be seeing an interesting August.

The U.S. gross domestic product fell 0.9% in second quarter, following a 1.6% decline in first quarter.

USDA has released its latest Crop Progress Report on August 8th.

By Kirk Maltais --Soybeans for November delivery rose 2.1% to $14.28 3/4 a bushel on the Chicago Board of Trade Tuesday as hot weather enveloped many U.S. crop-growing areas. --Corn for... | August 9, 2022

There was a combination of items that helped give the grains strength to close out the month of July. Early strength was due to weather forecasts calling for extreme heat for the Corn Belt for the first half of August. Concerns about grain movement out of Ukraine added strength.

U.S. corn was rated 61% in good-to-excellent condition, and soybeans were rated 59% good-to-excellent condition as of Sunday, July 24.

The U.S. milk “deficit” appears to have ended. Preliminary data indicates June ended seven months of output trailing that of a year ago.

Corn and soybean conditions across the state dipped slightly over the last week as Iowa prepared for an extended heatwave as we move into August. According to